Posted by Amy Pfleger on Monday, January 24, 2022,
In :
Financing
New Conforming Loan Limits for 2022
As of January 1, 2022, the conforming mortgage loan limits have increased because of rising home prices. Most people in the United States can get a conforming loan of up to $647,200. The new limits make it easier for homebuyers to qualify for more without the need for a non-conforming jumbo loan.
The new loan limits benefit both home buyers and homeowners. Homebuyers qualify for more at lower interest rates and have lower monthly payments. Homeowners can acce... Continue reading ...